Cloudera Inc. (CLDR) Tops Q4 EPS by 4c, Revenues Beat; Offers 1Q & FY22 EPS/Revenue Guidance Below Consensus

Cloudera Inc. (NYSE: CLDR) reported Q4 EPS of $0.15, $0.04 better than the analyst estimate of $0.11. Revenue for the quarter came in at $226.56 million versus the consensus estimate of $221.43 million.

Fourth Quarter Fiscal 2021 Results

• GAAP loss from operations for the fourth quarter of fiscal 2021 was $51.6 million, including an impairment charge of $35.8 million for right-of-use and other lease related assets, compared to $64.4 million for the fourth quarter of fiscal 2020
• Non-GAAP income from operations for the fourth quarter of fiscal 2021 was $50.5 million, compared to $11.0 million for the fourth quarter of fiscal 2020
• Operating cash flow for the fourth quarter of fiscal 2021 was $36.7 million, compared to negative $9.4 million for the fourth quarter of fiscal 2020
• GAAP net loss per share for the fourth quarter of fiscal 2021 was $0.18 per share, compared to $0.22 per share for the fourth quarter of fiscal 2020
• Non-GAAP diluted net income per share for the fourth quarter of fiscal 2021 was $0.15 per share, compared to $0.04 per share for the fourth quarter of fiscal 2020

"Cloudera Data Platform demonstrated significant momentum in the quarter," said Rob Bearden, chief executive officer, Cloudera. "Customers migrating to CDP increased from about 10% of our customer base at the time we reported Q3 to more than 15% of our customer base today. Most impressively, ARR from CDP now exceeds $60 million of total ARR. The adoption of CDP for hybrid data cloud and data lifecycle use cases is what will drive future growth and we're very happy with this progress to date."

GUIDANCE:

Cloudera Inc. sees Q1 2022 EPS of $0.07-$0.09, versus the consensus of $0.10. Cloudera Inc. sees Q1 2022 revenue of $216-218 million, versus the consensus of $226.81 million.

Cloudera Inc. sees FY2022 EPS of $0.35-$0.39, versus the consensus of $0.41. Cloudera Inc. sees FY2022 revenue of $907-927 million, versus the consensus of $947.63 million.

The outlook for the first quarter of fiscal 2022, ending April 30, 2021, is:

• Total revenue in the range of $216 million to $218 million
• Subscription revenue in the range of $195 million to $197 million
• Non-GAAP operating income in the range of $28 million to $33 million
• Non-GAAP net income per share in the range of $0.07 to $0.09 per share
• Diluted weighted-average share count of approximately 303 million shares

The outlook for fiscal 2022, ending January 31, 2022, is:

• Total revenue in the range of $907 million to $927 million
• Subscription revenue in the range of $822 million to $832 million
• Non-GAAP operating income in the range of $137 million to $147 million
• Non-GAAP net income per share in the range of $0.35 to $0.39 per share
• Diluted weighted-average share count of approximately 308 million shares

The business outlook is based on the assumption that the recessionary impact of the coronavirus pandemic (COVID-19) will continue at least through Cloudera's first quarter fiscal 2022.

For earnings history and earnings-related data on Cloudera Inc. (CLDR) click here.

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